Techniplas buys auto division of Swiss molder Weidmann International

By Frank Antosiewicz
Correspondent

Published: May 14, 2014 3:38 pm ET
Updated: May 14, 2014 4:55 pm ET

Related to this story

Topics Mergers & Acquisitions, Europe, Mexico, United States, Automotive, Automotive/transportation, Injection Molding

Techniplas Group is expanding its global reach — and more than doubling its size — with the acquisition of the Swiss-based Plastics Technology Automotive and Industrial division of the Weidmann International Corp.

“We have different customers with virtually no overlap geographically, but the way we overlap strategically is very compelling,” said George Votis, chairman and founder of Techniplas, in a May 14 phone interview.

He said the combination will create a more powerful entity, offering worldwide service that can support its customers from concept to production.

The addition of Weidmann boosts sales at Techniplas from $234 million to nearly $500 million. Terms of the deal were not disclosed.

Techniplas is a privately held, Nashotah, Wis.-based group of plastic manufacturers that serves the automotive, industrial, and medium and heavy truck industries.

Weidmann Plastics Technology A&I is headquartered in Rapperswil, Switzerland, and has manufacturing facilities in Switzerland, Germany, Brazil, China and Auburn, Ala. It makes plastic components primarily for the automotive industry. Areas of expertise include air/water separation components, lighting, under-the-hood components, as well as interior and exterior decorative modules.

Votis said he has been impressed with Weidmann’s quality, facilities and its technologies.

Weidmann will remain a separate company, retain its management team and the Weidmann name. It will also continue to be headquartered in Rapperswil.

Weidmann built its first U.S. plant in 2003. It is also known for its two-shot molding, which it developed in the 1980s and has used over the years to supply European auto makers.

“They are really world-class and their technology can be leveraged across our group,” Votis said.

Techniplas includes Nyloncraft LLC, with facilities in Misawaka, Ind., and  Jonesvillle, Mich.; Dickten Masch Plastics LLC, with facilities in Wisconsin, Iowa and Monterrey, Mexico; and Vallotech SA in Vallorbe, Switzerland.


Comments

Techniplas buys auto division of Swiss molder Weidmann International

By Frank Antosiewicz
Correspondent

Published: May 14, 2014 3:38 pm ET
Updated: May 14, 2014 4:55 pm ET

Post Your Comments


Back to story


More stories

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant i...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events